This company made headlines for its aggressive AI-driven layoffs. Citi says it's paying off

The big layoffs tied to artificial intelligence by Block , along with the company's user improvements using the technology, will power the stock to even greater heights, according to Citi. The bank, which has buy rating on the fintech name, raised its price target to $100 from $85. That implies 43% upside from Thursday's close. "XYZ is effectively leveraging AI (Goose, Builderbot) internally, and AI-based solutions like Moneybot and Managerbot," analyst Bryan Keane wrote. …